InsuranceTraditional Posted August 14, 2022 Report Share Posted August 14, 2022 I am on a H1B and own property in the US. They are co-owned with a friend, who is a US citizen. The property is being rented out, but we didn't hire a property manager. When declaring my income taxes, is there anything special that I need to do? What does USCIS consider as "active" vs "passive" investment incomes? Quote Link to comment
kumargs Posted August 22, 2022 Report Share Posted August 22, 2022 (edited) im h1b and own a property thru an LLC which gives income. i own it thru an LLC company which was formed by a group of investors including me. A CPA issues K1 tax document at year end showing the income from investment which i submit during tax filings. Edited August 22, 2022 by kumargs Quote Link to comment
10451 Mill Run Circle, Suite 100
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.